EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2020

Basic earnings per share (“EPS”) is computed by dividing net income by the weighted-average number of common shares outstanding for the period. Diluted EPS is similarly calculated but includes the weighted-average dilutive effect of outstanding restricted shares, restricted stock units and stock options.

The following table sets forth the reconciliation from basic and diluted average common shares (in millions):


	Three Months Ended March 31,
	2020		2019
Numerator:
Net earnings	$	10.9	$	18.0

Denominator: (shares in thousands)
Denominator for basic earnings per shares - weighted-average shares	48,973		48,775
Effect of dilutive securities:
Potentially dilutive shares resulting from stock plans	735		415
Denominator for diluted earnings per share - weighted-average shares	49,708		49,190
Stock options excluded from the computation of diluted EPS ⁽¹⁾	110		110

Net earnings per share:
Basic	$	0.22	$	0.37
Diluted	$	0.22	$	0.37